The Market Yesterday
EGP / USD CBE market average: Buy 16.49 | Sell 16.62
EGP / USD at CIB: Buy 16.50 | Sell 16.60
EGP / USD at NBE: Buy 16.50 | Sell 16.60
EGX30 (Thursday): 14,835 (+1.6%)
Turnover: EGP 1.3 bn (113% above the 90-day average)
EGX 30 year-to-date: +13.8%
THE MARKET ON THURSDAY: The EGX30 ended Thursday’s session up 1.6%. CIB, the index’s heaviest constituent, ended up 2.6%. EGX30’s top performing constituents were Egypt Kuwait Holding up 4.3%, EFG Hermes up 3.7%, and CIRA up 3.6%. Thursday’s worst performing stocks were Orascom Construction down 2.1%, Madinet Nasr Housing down 1.5% and Qalaa Holdings down 1.1%. The market turnover was EGP 1.3 bn, and foreign investors were the sole net buyers.
Foreigners: Net Long | EGP +153.6 mn
Regional: Net Short | EGP -21.5 mn
Domestic: Net Short | EGP -132.1 mn
Retail: 49.3% of total trades | 44.8% of buyers | 53.7% of sellers
Institutions: 50.7% of total trades | 55.2% of buyers | 46.3% of sellers
WTI: USD 55.10 (-2.84%)
Brent: USD 59.25 (-2.05%)
Natural Gas (Nymex, futures prices) USD 2.29 MMBtu, (-0.48, Oct 2019 contract)
Gold: USD 1,529.40 / troy ounce (-0.49%)
TASI: 8,019.77 (-1.85%) (YTD: +2.47%)
ADX: 5,165.57 (+0.72%) (YTD: +5.10%)
DFM: 2,758.60 (+0.03%) (YTD: +9.05%)
KSE Premier Market: 6,527.81 (+0.22%)
QE: 10,232.85 (+2.07%) (YTD: -0.64%)
MSM: 4,004.86 (+0.81%) (YTD: -7.38%)
BB: 1,533.09 (-0.09%) (YTD: +14.64%)